Michael Kors Holdings Limited is an American luxury fashion company that was established in 1981 by designer Michael Kors. The company is known for apparel, footwear, watches, handbags and other accessories. As of 2015, Michael Kors Holdings has more than 550 stores and over 1500 in-store boutiques in various countries.
Though the brand began in 1981, it wasn’t until 2006 that the company opened its first retail stores. Some main competitors of the brand include Coach, Kate Spade, and Louis Vuitton. Michael Kors handbags have been a popular fashion trend among teenaged girls, according to a 2015 survey.
As of April 2017, the company has 827 full-price or outlet stores and another 133 licensed stores for a total of 960 worldwide. As of 2014, the annual revenue for the company was $3.2 billion, with a net income of $670 million.
In July 2017, Michael Kors Holdings bought shoemaker Jimmy Choo PLC in a deal worth $1.2 billion.
There have been multiple counterfeit Michael Kors bags, wallets and other luxury items in Montreal, Canada. In an attempt to end the counterfeit production and to enforce trademark rights, the brand has commenced actions against a major network of counterfeit suppliers and vendors, and raided multiple locations throughout the Greater Montreal Area.
Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready-to-wear. His namesake company, established in 1981, currently produces a range of products under his signature Michael Kors Collection and MICHAEL Michael Kors labels. These products include accessories, footwear, watches, jewelry, men’s and women’s ready-to-wear, eyewear and a full line of fragrance products.
Michael Kors stores are operated, either directly or through licensing partners, in some of the most prestigious cities in the world, including New York, Beverly Hills, Chicago, London, Milan, Paris, Munich, Istanbul, Dubai, Seoul, Tokyo, Hong Kong, Shanghai and Rio de Janeiro.
Behind this burgeoning empire stands a singular designer with an innate sense of glamour and an unfailing eye for timeless chic. Michael Kors has won numerous accolades within the fashion industry, been honored for his philanthropy, and earned the respect and affection of millions. Wholly dedicated to a vision of style that is as sophisticated as it is indulgent, as iconic as it is modern, he has created an enduring luxury lifestyle empire with a global reach.
Michael Kors has always been involved in philanthropy, fighting hunger for more than 20 years. A longtime supporter of God’s Love We Deliver, he has worked with the New York-based organization to help distribute meals to people with HIV/AIDS, cancer and other serious illnesses. In 2013, he partnered with the United Nations World Food Programme (WFP) to help fight world hunger by designing the 100 Series watch. A portion of the proceeds from his special-edition timepiece helps WFP deliver food to children through its school meals program.
The Diverse World Of Michael Kors
MICHAEL KORS prides itself on hiring and retaining diverse talent and providing an inclusive work environment for all. We aim to ensure that the workplace is one where all employees feel they can contribute to their maximum potential to help drive our success, and that our workforce reflects the diversity, experiences and perspectives of the people in the countries where we do business.
We are an equal opportunity employer. Michael Kors prohibits discrimination against any employee or applicant for employment based on race, color, religion, sex, national origin, ethnicity, age, disability, veteran status, marital status, sexual orientation, gender identity, or any other protected class.
At Michael Kors, we proactively celebrate global events and cultures with the aim of building awareness and acceptance amongst our employees.
To help drive efforts in this area, the Company has formed a Global Diversity Council, with representation by employees from around the world. As a whole, the Council provides valuable input on diversity and inclusion topics and shares feedback from all of the Company’s operating regions. Our Council members also educate and drive diversity and inclusion initiatives at a local level.